Tax Planning

Making the most out of your money starts with recognizing all the ways taxes can impact your financial future. Whether you’re focused on your own retirement, a loved one’s education or the best way to pass on your wealth to your heirs, any sound, forward-looking plan to maximize your wealth needs to take into account taxes' bite.

Just as the rise and fall of interest rates can ripple throughout your investment and wealth management plans, so too can changes in tax policy. Your Baird Financial Advisor is trained and experienced in crafting wealth management strategies that plan for its impact, keeping you on track with your broader vision.

Your Baird Financial Advisor can help you anticipate the impact of taxes in all areas of your life.

• 2022 Baird Tax Document Mailing Schedule

  Tax Document	Description	Sent By
  Form 1099-R and 1099-Q	Distributions from retirement accounts (e.g., IRAs) and/or Coverdell Education Savings Accounts.	January 31
  Form 5498	IRA year-end fair market value (FMV), total contributions and the required minimum distribution (RMD) for tax year 2023, as applicable.	January 31
  	Any contributions for 2022 made in 2023 will be reported with an updated/ corrected 5498.	May 31
  Consolidated 1099 Wave I	Accounts holding securities (e.g., equities, many types of bonds) that do not require year-end tax information adjustments or income reclassifications, or early reporting mutual funds. We anticipate most Consolidated 1099s will be sent by this date.	February 15
  Form 1097-BTC (annual/cumulative recap)	Bond tax credit distribution.	February 15
  Consolidated 1099 Wave II	Accounts holding securities (e.g., exchange-traded funds, mutual funds, real estate investment trusts and unit investment trusts) that require year-end tax information adjustments or income reclassifications	March 12
  Consolidated 1099 Wave III	All accounts not included in wave I or wave II. Accounts holding Real Estate Mortgage Investment Conduits (REMICs), Widely Held Fixed Investment Trusts (WHFITs) or securities that have late reporting adjustments or income reclassifications.	March 152
  Form 1042-S	U.S.-sourced income for foreign person	March 15
  Form 2439	Undistributed long-term capital gains to shareholders of a regulated investment company (RIC) or real estate investment trust (REIT)	March 31
  Form 5498-ESA	Coverdell Education Savings Account (ESA) contributions and rollovers	May 1

  ¹Applicable tax documents will be mailed via the United States Postal Service (USPS) or delivered electronically depending on your chosen delivery preferences.

  ²March 1 and 15 mailing dates are based on a 30-day extension granted by the IRS to reduce the number of corrected Consolidated 1099s received.

  
  Please contact your Baird Financial Advisor with any questions about your Baird tax documents.